Honeywell UOP To Form Alliance To Serve Growing Demand For
Liquefied Natural Gas As A Transportation Fuel

DES PLAINES, IL--Sept. 24, 2013: UOP LLC, a Honeywell company,
announced today that it has formed an alliance with Black & Veatch, a
leading global engineering, consulting and construction company, to help
natural gas producers and fuel providers meet growing demand for liquefied
natural gas (LNG) as a transportation fuel and for off-road,
high-horsepower applications.

Through the alliance, the two companies will offer integrated,
small-scale LNG plants capable of processing between 50,000 and 500,000
gallons of LNG per day per single processing train, with the capability to
extend capacity. LNG can be sold as transportation fuel or used instead of
traditional diesel in high-fuel consumption, high-horsepower railroad,
marine and mining applications and oil and gas exploration and
production.

"LNG use is growing in the North American transportation and high-horse
power sectors because of its low cost and environmental benefits, coupled
with the rapid introduction of affordable natural gas engine and
infrastructure technology," said Rebecca Liebert, senior vice president and
general manager for Honeywell UOP's Gas Processing and Hydrogen business
unit. "Starting this year, this alliance will help deliver fast,
economical, efficient and reliable LNG plants to help meet growing demands
in North America."

U.S. natural gas production is expected to increase more than 40 percent
over the next 30 years, and use of natural gas as a road transportation
fuel is expected to nearly double from current levels by 2018, according to
the International Energy Agency. At the same time, users of off-road,
high-horsepower equipment are increasingly turning to LNG to replace
diesel, both to cut fuel costs and reduce emissions.

The UOP Russell product line includes modularized packaged plants that
enable shale and conventional natural gas producers to remove contaminants
from natural gas and recover high-value natural gas liquids used for
petrochemicals and fuels. UOP Russell modular equipment is factory-built to
maintain tight quality control standards and significantly reduce
construction time and costs.

PRICO technology by Black & Veatch is an innovative process to liquefy
natural gas, making it available for transport via truck, rail and marine
vessel. The process uses a patented, single-mixed refrigerant loop for
natural gas liquefaction. PRICO offers a simplified refrigeration system
that requires minimal equipment, enables simplified control and
maintenance, and offers flexibility in feed gas composition, allowing low
capital and operating expenditures.

UOP Russell is part of Honeywell UOP's Gas Processing and Hydrogen
business, which offers technology, equipment and materials to treat and
process natural gas as well as to purify hydrogen used in refineries.
Honeywell UOP also offers world-leading solutions to upgrade recovered
natural gas liquids to high-value petrochemicals.